Mission of Hope International Inc

Analysis

Mission of Hope International Inc is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mission of Hope International Inc reported income of $389k and spending of $384k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $389k (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 275%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission of Hope International Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Valley Kids Foundation Inc ($389k), Life Turning Point of Philadelphia ($389k) and Home & Hope of Wayne County Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $5,000 (1.3% of expenses). Other salaries and wages came to $516. At year end it held assets of $591k against liabilities of $14k, net assets of $577k.